If you have to invest in Bitcoin, then it is much better for you to follow the DCA method. Because the investor must have a discretionary income, each person may earn less or more. So if you properly meet the basic needs of the family and invest the rest in Bitcoin, then this task is certainly much easier for you. Many people spend money excessively, such as watching movies, smoking, drinking, and eating nuts at the park.
All these things make people spend their money carelessly. If each person uses this money properly and invests this money in Bitcoin, then at the end of the year he will still have an income of several thousand dollars. So if you keep Bitcoin investment like this for the future 10 to 12 years, then that person will definitely be able to grow his Bitcoin investment.

You are right. Discretionary income should be divided into three parts until you can build an emergency fund. One dilemma investors have is how big an emergency fund should be. The size of this fund should be the equivalent of 3-6 months of your all expenses. Once you have an emergency fund, you can divide your discretionary income into two parts, with the majority of it allocated to Bitcoin accumulation and a smaller amount for your extra expenses. You can also keep a cash fund available to add extra Bitcoin percentages when the price is relatively low. Or you can use that cash flow for small emergencies.

People do a lot of things in their early stages of investing in Bitcoin and that includes investing when there is even no clear discretionary income. For instance, someone can decide to cut down on meals, from three square meals to eating once so that they can have extra income to invest in Bitcoin. People can cut down on expenses in many ways just to invest in Bitcoin. This may not be the best thing to do but beginners do it and then learn the best way of doing it with time. My point is that a beginner can start investing in Bitcoin even when there is no clear discretionary income, but with time they will learn the importance of investing with discretionary income and even setting up emergency funds.

I know income is very important in Bitcoin investment, but we need to be honest and ask ourselves a question. If eventually one's income increases, won't the needs still increase? Or the needs still remain the same? and one can comfortably invest in Bitcoin. But as the income increases and the needs increase, there is still the possibility that one may not end up investing in Bitcoin because you will still complain about your needs depriving you of investing in Bitcoin.

Most times, I feel it is not enough income that is depriving people of investing in Bitcoin; it is because they need to meet their needs, which is the most important thing. Funny enough, you don't need a lot of money to invest in Bitcoin; you don't need to invest much, but if you can afford to invest a little amount consistently, you have done enough for yourself. Having needs is not a reason not to invest in Bitcoin; even with needs, one can still plan to invest in Bitcoin.

It's best to start up with your discretionary income and not to cut down your expenses or basic needs just to raise up discretionary income for the investment purposes, one thing I know is that your needs are essentially and it must always come first because if you tend to starve yourself just to invest on Bitcoin and then in the process fall sick you will still go back and use up same money saved up in Bitcoin for the self medication as that comes before anything in life and so that's not a good move at all for me though.

You make reasonable points.  I was going to send you an smerit, except you misquoted me in your original version, so it looks like you posted my words.. which is misleading.  You should fix your post quotes.


You cannot be "investing" in bitcoin if you don't have discretionary funds.  If you are buying bitcoin with money that you need for your expenses, then you are gambling with money that you need for your expenses, so how could that be considered investing?  With investing, you should expect to be using money that you can afford to lose, and also likely with a timeline that is 4-10 years or more into the future... but if you try to use non-discretionary funds then how is that going to work?

It probably is going to be better that you figure out some ways to increase your income and/or cut your expenses, which maybe is what you were trying to describe by buying ONLY 1 meal per day rather than 3 meals per day, and maybe that will work if you are still eating sufficiently enough to nourish yourself, yet it might be better to figure out ways to source your food with nutritious and inexpensive foods, since it could be problematic to overly skip meals.. even though you could cut down your portions and have small portions through the day, yet each of us still needs to assure that we are not contributing to our own health issues or loss of energy that could affect our abilities to earn income.  I am not opposed to creative ways to cut some expenses, yet we still have to make sure that we are not overly cutting some of our expenses and/or otherwise undermining aspects of our health.

This is the honest truth you shouldn't invest in BTC if you are yet to figure out your discretionary income if you are investing out your discretionary income it means that you are only gambling because the money you are using to invest is not your left over income but income you should use to settle your importants and basic needs. When you invest with funds that is not your discretionary income you are going to sell your bitcoin too soon when the need of the funds will arise so the best to do is stay low and work on having a discretionary income before you can get started with your bitcoin investment.

Currently, this strategy is considered paramount for all parties involved in investing, signifying that it is remarkably easy for anyone to implement. During the accumulation phase—a core component of DCA—investors can grasp the process quickly and intuitively, without encountering the difficulties often associated with other methods. Consequently, it is entirely natural that this strategy has emerged as the gold standard—or the most popular approach—for Bitcoin investment today; fundamentally, it provides substantial assistance and benefits to everyone, whether they are low-income earners or individuals with incomes exceeding their expectations.

At present, nearly everyone involved in Bitcoin investment prefers the DCA method. This is because DCA is not a strategy that results in wasted time; rather, for those wishing to invest with full confidence, it fosters the consistent discipline necessary for success. It is a logical choice, particularly for those who desire to invest but lack sufficient knowledge regarding the specific actions they should take; by adopting DCA, they ensure that their efforts are productive and not in vain. Thus, the existence of such a strategy is immensely helpful and beneficial for beginners—those just starting their journey in Bitcoin investment—as it paves a smoother path for them to begin and enables them to maintain their investment activities on a sustainable basis.

It would not be reasonable to reduce our food expenses at all. However, there are some food expenses that we can reduce, such as eating extra restaurant meals. It is necessary to reduce this expense because. If we cook at home with the same amount of money as we eat at a restaurant, we can eat for three days, so to reduce the extra expense, we have to reduce our eating at a restaurant. There are many other expenses that we definitely need to reduce and hope for, such as smoking, drinking, showing off and increasing the amount of expenses with others, etc. All such expenses need to be reduced and hope for. We should not always look at high-income people or rich people, but we need to look at people with lower incomes than us.

A friend of mine works and he earns a good amount of money every month, he does not have to pay any money for his house or family expenses from the money he earns. He spends the entire amount of his income and even then he has some amount of debt at the end of the month. He always spends extra and hangs out with people with higher incomes than himself. His spending increases even more as he moves in parallel with them.

This is very important to talk about because most times, new investors are at a fix where they have to decide wether it's feasible for them to invest considering that they are likely not earning too well  or wait till what they are earning increase or till they are able to get additional source of income that helps them in Thier bitcoin accumulation journey.

The DCA strategy still helps in this regard because you can still get started with a little dca amount and when you've grown your income, you can then increase on your accumulated amount.

We've spoken about this over and over again that you don't wait for a perfect condition before you start investing. You start investing and work to create a better condition that helps your investment journey. If you're struggling to start investing with little, then the place if growing as an investor is far from you.